UAE investments increased by more than 300%
Cairo – Al Arabiya.net
Published on: September 19, 2023: 10:11 AM GST Last updated: September 19, 2023: 12:03 PM GST
On the other hand, the value of remittances from Emiratis working in Egypt amounted to about $35.8 million during the fiscal year 2021-2022, compared to $39.1 million during the fiscal year 2020-2021, a decline of about 8.4%.
The agency’s data revealed a big jump in total UAE investments in Egypt, as they rose by 300.8% after recording about $5.7 billion during the fiscal year 2021-2022, compared to about $4.3 billion during the fiscal year 2020-2021, an increase amounting to $1.4 billion.
The value of trade exchange between Egypt and the Emirates also increased to reach $4.9 billion during the year 2022, compared to about $4.8 billion during 2021, an increase of 2.5%, as the value of Egyptian exports to the Emirates recorded about $1.9 billion during the year 2022 compared to about $1.8 billion. During the year 2021, an increase of about 10.6%.
2023-09-19 08:03:16
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